Suburb Profile Report for Kareela NSW (2232)

Kareela House: Median price $1,040,000, Annual capital growth 5.60%, Number of sales 34, Weekly median advertised rent $695

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Kareela, 2232 ranked 942th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kareela is one of 3163 in our list for NSW

Across a shorter period, Kareela, 2232 has seen a median price increase of -2.80% over the last quarter.

YIP MAG Information supplied by:

YIP MAG
April 2015

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The small but prosperous suburb of Kareela, 29km south of Sydney’s CBD, offers an oasis escape from the fast pace of city life.

An array of stunning views of Oyster Bay, in addition to a beautiful golf course and native plants reserve, makes Kareela one of South Sydney’s most sought-after suburbs.

Attracting an average of 2,880 views per listed property, it’s no wonder homes only spend an average of 23 days on the market.

Additionally, a minimal vacancy rate of only 0.8% shows that this is the place to be.

There is easy access to the Princes Highway and the suburb is close to parks, schools, shops, hospitals and entertainment options.

A $14m redevelopment of Kareela Village is set to be completed this year, adding a variety of new shops and restaurants to the area.

Some of Kareela’s more popular streets are Struen Marie Street, Balandra Place and Ingrid Road, because they offer unparalleled views of the bay.
 
Metrics i HOUSE UNIT
$1,040,000 N/A
-2.80% N/A
-9.57% N/A
5.60% N/A
$695 N/A
34 N/A
3.48% N/A
56.85 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3324
Median household income ($/weekly) 2019
Median age of persons 42
Median housing loan repayment ($/monthly) 2806
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 433 13.0
    35-44 years 506 15.2
    45-54 years 441 13.3
    55-64 years 501 15.1
    65-74 years 458 13.8
    Others 985 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 1677 65.9
    Not Married 754 29.6
    Defacto Relationship 114 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2550 78.7
    Croatia 38 1.2
    Greece 37 1.1
    United Kingdom 155 4.8
    Other 121 3.7
    Others 340 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.7
    Christianity 2588 81.6
    Islam 15 0.5
    Judaism 10 0.3
    No Religion 489 15.4
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 102 10.0
    $2,000-$2,499 107 10.5
    $2,500-$2,999 151 14.9
    $3,000-$3,499 107 10.5
    $4,000 or more 92 9.1
    Others 457 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1040 39.6
    Not in the labour force 898 34.2
    Employed, worked part-time 541 20.6
    Employed, away from work 91 3.5
    Unemployed, looking for work 55 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 16.1
    Professionals 443 26.5
    Technicians & trades workers 205 12.3
    Clerical & administrative workers 307 18.4
    Sales 174 10.4
    Others 275 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 55 7.2
    Infants/Primary 289 37.8
    Secondary 222 29.1
    Technical or Further Educational Institution 51 6.7
    University or other Tertiary Institutions 127 16.6
    Others 20 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3170 99.7
    Semi-detached, row or terrace house, townhouse 7 0.2
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 584 52.8
    Being purchased 452 40.9
    Rented 70 6.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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